Old Town Chinatown

Market Report

Median rate is a number derived from the median rate of listings posted on 42floors and reports from thought leaders in the area.

Median Size (sqft)

3,390

Old Town Chinatown Rates

The typical asking rate per listing is in the $30's per square foot per year.
The Old Town Chinatown region is seeing a an increase in rates.
In the last 3 months, the median rate
went up
$7 per sqft per year.
That's a 23%
increase in rent.

Compared to the rest of the Greater Portland market, the Old Town Chinatown submarket has
higher rates, and you'll need to make a great offer to be in this hot submarket.

Old Town Chinatown Listing Supply

In the last 90 days, 147 listings have been posted online,
so you'll want to check back regularly for new listings.
About 3% of the office spaces in the Old Town Chinatown are subleases,
so you will probably have to focus your search on direct office leases.
There aren't many listings below 2,000 square feet available, so finding a space for a small business might be tough.

Even though the median size is 4,200 sqft, there are still 0 new availabilities below 2,000 sqft.
Most properties in this area are approximately 4 stories.
Most buildings in this market were built in 1904
and are Class B.

Old Town Chinatown Community

Not much of the real estate is used for commercial space, so it might be hard to find office space.
Education is the dominant industry in this market.
Most of the folk of Old Town Chinatown work from home.
Commuting approximately an hour a day is the norm for those who opt to reside in this part of town.

Market Data

Real time and historical data on commercial real estate listings in Old Town Chinatown.Research

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